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Dismukes Quoted in Oil Expansion News Story

David Dismukes, associate executive director for the LSU Center for Energy Studies, was quoted in a recent McClatchy News article on President Obama’s announced expansion of oil and gas exploration off U.S. coasts. In the article, Dismukes states that the opening of the eastern Gulf of Mexico, approximately 125 miles off Florida's western coastline, is most appealing to oil and gas producers because of its proximity to existing infrastructure.

In terms of the region’s potential impact on overall U.S. oil and gas production, Dismukes said that industry estimates suggest there is at least 25 trillion cubic feet of natural gas in the eastern gulf, slightly more than the U.S. annual consumption of 22 trillion cubic feet. Estimated recoverable oil in the region is four billion barrels, less than one-tenth of the 50 billion barrels believed to be available in the gulf, Dismukes said.